By Shwe Yee Saw Myint | YANGON YANGON A man has been found dead with stab wounds in Myanmar’s Rakhine State, in what the government said on Monday was the second murder in under a week of a Rohingya who cooperated with authorities as they crack down on suspected insurgents. Coordinated attacks on October 9 killed nine police officers and sparked a military operation in northern Rakhine. […]
In January of 2016, the Bundesbank announced that three years after commencing the transfer of some of its offshore-held gold from vaults located at the Banque de France in Paris and the NY Fed in New York, it had repatriated a total of 366.3 tonnes, bringing the German central bank’s gold reserves held in Frankfurt to 1,402 tonnes, or 41.5% of Germany’s total gold of 3,381 tonnes, […]
FRANKFURT European Central Bank policymaker Jens Weidmann said plans for a state bailout of Italian bank Monte dei Paschi di Siena (BMPS.MI) should be weighed carefully as many questions remain to be answered, according to German newspaper Bild. “For the measures planned by the Italian government the bank has to be financially healthy at its core. The money cannot be used to cover losses that are already […]
Despite the warning for Western Australia to brace for a category 1 cyclone Yvette with a wind speed of around 101 miles per hour (164 kilometers per hour), NASA said a vertical wind shear has weakened the wind’s intensity. According to NASA, a visible-light image of tropical cyclone Yvette captured by the agency’s Radiometer Suite on NASA-NOAA’s Suomi NPP showed bulk clouds pushed north and west of the […]
One may assume the life of a member of a Royal Family is easy, right? After all, members receive the “royal treatment” all year long. But the truth is royal families are just like all our families. Their lives can include controversy, scandal and some drama. And this year was no different. Whether it was relationship rumours, links to the Panama Papers scandal, tax fraud trials or […]
It is easy to forget there was a time in the UAE before big concerts such as Coldplay’s New Year’s Eve performance that will rock du Arena on Saturday night. That major shows put on by world-class acts such as The Rolling Stones, Paul McCartney, Rihanna and Justin Timberlake were not always the norm in the UAE. The country has become such a regional entertainment hub in […]
Saudi Arabia will resist plans to introduce a tax on expat remittances for now, according to Mohammed Al-Tuwaijri, secretary general of the Financial Committee at the Royal Court. Saudi Arabia’s Shura council has discussed plans to impose a 2 to 6 percent tax on expat workers’ remittances, following a proposal submitted by former Shura council member Husam Al Angari. He proposed an initial tax of 6 percent […]
India’s government is making an increasing number of requests for data on Facebook’s users, but the social networking site is blocking less content as a result of fewer requests from authorities in the South Asian nation. According to the social media giant’s most recent report on government requests from January to June 2016, Indian authorities made 6,324 requests for user data from Facebook, 23% more than the […]
Egypt confirmed on Sunday that it had arrested an Al Jazeera news producer, accusing him of “provoking sedition” on behalf of the Qatar-based broadcaster that it considers a mouthpiece of the banned Muslim Brotherhood. Judicial sources said Mahmoud Hussain, who was detained on Friday, was being held on charges of disturbing public security and spreading false news. The Interior Ministry said in a statement that Al Jazeera […]
MILAN/LONDON On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world’s oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy’s third-largest lender, was destined to be wound down within months unless it could raise billions of euros and pull […]
Over the past year, technology and ‘sharing economy’ start-ups have continued their disruption of traditional industries — from Uber and other ride hailers’ shake-up of the taxi market to Airbnb’s myriad alternatives to conventional hotel stays. But which will be the next businesses to be challenged by further digitisation and automation? FT correspondents have looked ahead five to 10 years to identify those industry sectors and companies […]
Fletcher will become the second long snapper in Alabama history to be awarded a full scholarship out of high school. The first, Cole Mazza, who will graduate this year, was also the No. 1-rated snapper when Coach Nick Saban offered him an Alabama scholarship in 2012. Continue reading the main story Put another way: Alabama’s focus on the littlest details of the game even stretches to the […]
JERUSALEM: In the days following the UN Security Council’s resolution affirming the illegality of Israeli settlements, it is business as usual as the Jerusalem municipality is expected to approve about 5,600 more homes.Israeli officials acknowledged that the move to expand the settlements in East Jerusalem was a direct response to the Security Council Resolution 2334 that was approved by 14 countries — Britain, Russia, China, France, Egypt […]
Submitted by Michael Jabara Carley via Strategic-Culture.org, Relations between Russian president Vladimir Putin and US president Barack Obama are poisoned and irretrievably damaged. It’s therefore a good thing that Obama is leaving office on 20 January. Bad US-Russian relations are of course nothing new. Since the Anglo-American war against Iraq in 2003, the US-Russian relationship has been headed downhill. For Obama, it appears that everything has gotten […]
By David Stanway | SHANGHAI SHANGHAI The heavily polluted northern Chinese province of Hebei said it will learn lessons from the smog that engulfed the region last week and step up its clean-up efforts, while the country’s Supreme Court vowed to crack down harder on polluters. Hebei, which surrounds Beijing and was home to seven of China’s 10 smoggiest cities last year, has been on the front […]
SEOUL Headed for a fourth straight annual profit decline, Hyundai Motor (005380.KS) is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters. The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular […]
Science magazine has named gravitational wave discovery as “Breakthrough of the Year.” The award followed several other accolades given earlier this year to the scientists associated with the Laser Interferometer Gravitational-Wave Observatory (LIGO), a large-scale physics experiment and observatory that exploits the physical properties of light and space to detect and dig into the origins of gravitational waves. What Are Gravitational Waves? Ripples in space-time are created […]
After more than three months out of the spotlight, Kim Kardashian West is set to make her first public appearance of the new year in Dubai. The American reality television star rescheduled after cancelling her planned trip to the UAE back in October after being robbed at gunpoint in Paris, France, during fashion week. The 36-year-old most famous for reality series Keeping up with the Kardashians was […]
China’s land ministry will automatically renew residential leases set to expire next year, temporarily dispelling homeowners’ concerns about an erosion of their property rights. In an announcement at the weekend, the land ministry said that 20-year residential property leases in the eastern city of Wenzhou would be automatically extended without charge, ending speculation that homeowners would face steep renewal fees equivalent to one-third of their property’s value. Ever […]
After all, Detroit had not won a playoff game since 1991 (and still has not) or a championship since 1957, when Bobby Layne, who lived on the same street as Stafford in Dallas and played for the same high school, was Detroit’s darling quarterback. So just between friends, was he really O.K. with becoming a Lion? “He said, ‘Absolutely,’” Aikman said in a telephone interview last week. […]
The UAE will host the FIFA Club World Cup tournament in 2017 and 2018, it has been confirmed following the 2016 final which saw Real Madrid crowned world champions. The FIFA Club World Cup 2016 final, played in Yokohama International Stadium, saw the Spanish giants beat Japan’s Kashima Antlers, thanks to a Cristiano Ronaldo hat-trick. The UAE was previously host to the tournament in 2009 and 2010. […]
2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
DUBAI // Anyone who received a drone as a present this year has been reminded that they must register it with authorities. Saif Al Suwaidi, director general of the General Civil Aviation Authority, said it was important people know the regulations that govern drone ownership. “Whether it is received as a gift or bought by the person, it doesn’t matter. People need to register their drones with […]
In February, Anis Amri, a Tunisian refugee with a criminal past, was officially classified by the German authorities as a potential terrorist. For six months this year he was under near constant police surveillance. None of that helped. Amri went to ground and only resurfaced three days ago as the man investigators believe rammed a truck into a Christmas market in central Berlin, killing 12 people. The […]
